Ally Financial Inc Draws Bullish Options Activity Today

 Ally Financial Inc Draws Bullish Options Activity Today

In today’s session Ally Financial Inc (ALLY) registered an unusually high (1,500) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ALLY increase. With 1,500 contracts traded and 65444 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ALLY161216C00019000 closed last at: $0.35 or 75% up. About 219,829 shares traded hands. Ally Financial Inc (NYSE:ALLY) has risen 6.68% since April 12, 2016 and is uptrending. It has outperformed by 1.70% the S&P500.

Ally Financial Inc (NYSE:ALLY) Ratings Coverage

Out of 12 analysts covering Ally Financial (NYSE:ALLY), 8 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 67% are positive. $27 is the highest target while $22 is the lowest. The $24 average target is 27.66% above today’s ($18.8) stock price. Ally Financial has been the topic of 16 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Market Perform” rating given by Wells Fargo on Wednesday, April 27. Compass Point maintained the shares of ALLY in a report on Wednesday, February 3 with “Buy” rating. On Wednesday, September 16 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The stock of Ally Financial Inc (NYSE:ALLY) has “Buy” rating given on Wednesday, September 2 by Zacks. The rating was upgraded by Credit Suisse on Wednesday, July 29 to “Outperform”. The company was maintained on Monday, November 2 by Barclays Capital. The firm earned “Buy” rating on Wednesday, May 4 by Deutsche Bank. Bank of America downgraded Ally Financial Inc (NYSE:ALLY) on Friday, April 8 to “Neutral” rating. The company was initiated on Wednesday, May 11 by Macquarie Research.

According to Zacks Investment Research, “Ally Financial Inc. is an automotive financial services company. Its automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. The company, through its subsidiary, Ally Bank, offers savings and money market accounts, certificates of deposit, interest-bearing checking accounts, and individual retirement accounts; and online and mobile banking, electronic bill pay, remote deposits, electronic funds transfer, and ATM fee reimbursement services. Ally Financial Inc. is based in Detroit, Michigan.”

Ally Financial Inc. is a financial holding firm and a bank holding company. The company has a market cap of $8.98 billion. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. It currently has negative earnings. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations.

ALLY Company Profile

Ally Financial Inc., incorporated on February 21, 1997, is a financial holding firm and a bank holding company. The Company’s banking subsidiary, Ally Bank, is a franchise in the Internet, telephone, mobile and mail banking market. The Firm operates through three divisions: Automotive Finance operations, Insurance activities and Mortgage operations. The Company’s Automotive Finance activities segment provides automotive financing services to clients and automotive dealers. The Company’s Insurance activities segment offers both consumer financial and insurance products sold through the automotive dealer channel, and commercial insurance products sold to dealers. The Company’s Mortgage activities segment includes the management of its held-for-investment mortgage loan portfolio. The Company’s Corporate and Other segment consists of Corporate Finance, centralized corporate treasury activities, such as management of the cash and corporate investment securities portfolios, short- and long-term debt, retail and brokered deposit liabilities, derivative instruments, the amortization of the discount associated with debt issuances and bond exchanges, and the residual impacts of its corporate funds-transfer pricing (FTP) and treasury asset liability management (ALM) activities.

More news for Ally Financial Inc (NYSE:ALLY) were recently published by: Wsj.com, which released: “Ally Financial’s Auto Lending Falls” on October 26, 2016. Prnewswire.com‘s article titled: “Ally Lucky Pennies Placed in 10 U.S. Cities May Be Worth $1000 Each” and published on October 18, 2016 is yet another important article.

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